ShotSpotter Q3 revenue $18.8M (+29% YoY), net income $4.0M, guides FY22 $81-82M, FY23 $94-96M

SOUNDTHINKING, INC.

2022-Q3 EPS reported $0.60 revenue$60,005,000

Revenue up 29% to $18.8M; GAAP net income $4.0M vs. loss of $949K in Q3 2021.
Adjusted EBITDA rose 37% to $3.1M (16% of revenue); cash and equivalents $9.6M.
Added 10 new customer logos including 7 Respond cities; expanded in 6 Respond cities.
FY2022 revenue guidance narrowed to $81-82M (~40% YoY growth at midpoint); EBITDA margin 19-21%.
Introduced FY2023 revenue guidance $94-96M (~17% growth) and EBITDA margin 24-26%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

SOUNDTHINKING, INC. reported third quarter ended September 30, 2022 results: revenue $18.8 million, net income $4.0 million. Guidance reaffirmed.

Period: third quarter ended September 30, 2022
Revenue: $18.8 million
Net income: $4.0 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

ShotSpotter Reports Third Quarter 2022 Financial Results Revenues Increase 29% Year-Over-Year to $18.8 Million, GAAP Net Income of $4.0 Million and 37% Increase in Adjusted EBITDA to $3.1 Million; Company Modifies FY 2022 Revenue Guidance Range of $81 Million to $82 Million, Representing 40% Growth at the Midpoint Compared to 2021 and retains FY 2022 Adjusted EBITDA Margin Guidance Range of 19% to 21%; Company Introduces FY 2023 Revenue Guidance Range of $94 Million to $96 Million, Representing 17% Growth at the Midpoint Compared to FY 2022 Revenue Guidance and FY 2023 Adjusted EBITDA Margin Guidance Range of 24% to 26%.

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Source: SEC EDGAR

accession 0000950170-22-023311

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